GM
I am forced to purchase some Bitcoin from Revolut.
I'm now battling to get it off the exchange.
The confirm button greys out when I select it.
I hate banks.
Discussion
I've meant to investigate the problem. Can you move them out of Revolut?
In theory yes, I've done it before. But they are shitty and I know a lot of people that have had problems with them.
They are my last resort exchange.
Why not use robosats instead? It's a little bit better for privacy.
Robosats trades are too small.
Oh, excuse me sir. Mea culpa. 🤭
Godspeed!!!1
I managed it in the end, but I'm going to have to take a second shower this morning to wash away the cold sweats 🥹
We are moving my Wife's pension to Bitcoin.
Wow, congratulations! Willingly or forcefully? MrsMike, blink twice. 🤭
This happened, my wife very much wants to do this:
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What a legend! Extremely well-done considering the circumstances.
Billions and billions and billions and billions….
Of Sats 😂
strike?
Yep, I'm using that, primarily Xapo tho.
How would you compare those 2?
Xapo are a private bank and so charge an annual fee, currently $1,000
As an early member, they are keeping my annual fee at $140 until 2027.
But they are a full bank with a 200,000 Euro bank guarantee.
They don't charge a fee on trades and use mid market prices.
Strike are a gateway, not a full bank, they are free to use but charge a trade fee and use spread prices.
As I have a Xapo bank account I use that mostly, but I also use Revolut and Strike for day to day stuff.
Revolut is asking me to re-kyc 🫤
Re-KYC!
In case you changed into a different person overnight?
They are all shitty.
I was surprised how easy it was to transfer BTC off my Revolut to another wallet. I could swear it was not possible in the beginning
Bisq solves this
Fair I suppose, if you really need to do it quickly - but could you draw the liquidity over a couple of weeks? KYC-free sats are probably worth the extra effort, if you can
I'm not saying how much Bitcoin I'm buying, but no 😂
We are moving my wife's pension into Bitcoin as per this:
Had same problem and ended up leaving it there. Revilut is only good for sending filthy fiat to crypto friendly banks like Xapo exchanges
I managed it in the end, but it was a struggle and gave me cold sweats 😂
Orange pilling a friend I helped them set up a lightning wallet to receive a few sats to play with. Next thing they are trying to send the sats to revolut. He said I was crazy when I said the whole point is to at least control your own wallet, if not be your own bank. To my horror they think it is illegal not to use a bank for handling money! How can you declare anything to irs if the funds aren't in a bank?! Madness. LIke, I cant declare the current value of my house because it is not in a bank?
Also they were incredulous when I suggested that to protect their privacy they should only give an alias/anon email address, not sign in with Google... ngmi,
Adoption has a long long way to go, because these guys are closer to young hippy than mainstream boomer.
Banks were the first Internet for money, you could deposit money in one location, travel to another location and withdraw your money there.